8-K
filed January 5, 2023, 6:59 PM ET
ticker EDUC
CIK 0000031667
earnings
confidence high
sentiment negative
materiality 0.65
EDC reports Q3 net revenues down 32.8% to $30.3M; EPS $0.00 vs $0.31
EDUCATIONAL DEVELOPMENT CORP
2023-Q3 EPS reported
-$0.07
revenue$72,848,700
- Q3 net revenues $30.3M (-32.8% YoY); net earnings $900 vs $2.6M; EPS $0.00 vs $0.31.
- Average active direct-sales consultants fell to 27,100 from 41,500 YoY.
- Year-to-date net loss of $585,200 vs net income of $8.0M; EPS $(0.07) vs $0.94.
- Company rebranded direct sales division to PaperPie and launched SmartLab Toys product line.
- Usborne distribution agreement changed; retail rights ended Nov 15 (extended to Jan 31).
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
EDUCATIONAL DEVELOPMENT CORP reported nine months ended November 30, 2022 results: revenue $72.8 million, net income $(0.6) million, EPS $(0.07).
- Period
- nine months ended November 30, 2022
- Revenue
- $72.8 million
- Net income
- $(0.6) million
- EPS
- $(0.07)
- Result
- reported results
Exact text from the filing
● Net revenues of $72.8 million, a decrease of $46.1 million, or 38.8%, compared to $118.9 million. ● Average active UBAM sales consultants totaled 28,700 compared to 47,300. ● Earnings (loss) before income taxes were $(0.8) million, a decrease of $11.7 million, or 107.3%, compared to $10.9 million. ● Net earnings (loss) totaled $(0.6) million, compared to $8.0 million, a decrease of $8.6 million, or 107.5%. ● Earnings (loss) per share totaled $(0.07), compared to $0.94, down 107.4% on a fully diluted basis.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
EDUCATIONAL DEVELOPMENT CORP reported third quarter ended November 30, 2022 results: revenue $30.3 million, net income $0.0 million, EPS $0.00.
- Period
- third quarter ended November 30, 2022
- Revenue
- $30.3 million
- Net income
- $0.0 million
- EPS
- $0.00
- Result
- reported results
Exact text from the filing
● Net revenues were $30.3 million, a decrease of $14.8 million, or 32.8%, compared to $45.1 million. ● Average active direct-sales consultants totaled 27,100 compared to 41,500. ● Earnings before income taxes were $0.0 million, a decrease of $3.6 million, compared to $3.6 million. ● Net earnings totaled $0.0 million, compared to $2.6 million, a decrease of $2.6 million. ● Earnings per share totaled $0.00, compared to $0.31, on a fully diluted basis.
View on SEC.gov
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